Sole Trader or Limited Company?
Buzz supports both — but choosing the right setup can save you time, money, and stress. Here’s what you need to know.
Which One’s Right for You?
Not sure where you fit? Here’s how to decide, and fast:
Go Sole Trader if:
You’re just starting out
Go Limited Company if:
What’s the Difference?
SOLE TRADERS
You’re the business.
There’s no legal separation between you and your work, which makes things simpler – less admin, easier setup, and straight income tax on your profits.
LIMITED COMPANY
This is a separate legal entity. You run it, but it’s not you.
That means more paperwork, but more control – especially when it comes to how you pay yourself (salary + dividends) and how much tax you pay.
Whichever You Choose, Buzz Has You Covered
Whether you go sole trader or limited company, Buzz keeps things running smoothly.
We don’t just do your books – we connect the dots:
✅ Your FreeAgent licence is included
✅ Income, expenses, and tax — tracked in real time
✅ HMRC submissions? Sorted.
✅ Bank feeds, invoices, payroll, VAT — all connected
You stay focused on your business. We’ll handle the numbers.
Changing Later?
No Problem.
Not sure which setup to choose? No stress.
If you start as a sole trader and want to go limited later, Buzz makes the switch easy. We’ll handle:
✅ Company registration
✅ Payroll setup (if needed)
✅ FreeAgent transfer — no data loss
✅ Clean, continuous bookkeeping
No messy handovers. No starting from scratch. Just a smooth upgrade when you’re ready.
Useful resources
How to Register as a Sole Trader
Ready to go self-employed? Here’s your guide to becoming a sole trader in the UK - simple, direct, and stress-free. 1. Do you need to...
Should I register as a sole trader vs limited company?
When you're starting your own business, choosing the right structure is a big step. Get it right and you'll save time, money, and...
Do I Need to Register My Business with Companies House?
Starting your own thing? You might be asking if you need to register your business with Companies House. The short answer is… maybe....
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With powerful tools, expert support, and plans starting at just £9.99/month, it’s time to take control of your accounts and focus on what you do best.
